HOME Top Market Reports VCSEL Market by Type (Single Mode VCSEL and Multimode VCSEL), Application (Data Communication, Sensing, Infrared Illumination, Pumping, Industrial Heating, and Emerging Applications) End users, and Geography - Global Forecast to 2022

VCSEL Market by Type (Single Mode VCSEL and Multimode VCSEL), Application (Data Communication, Sensing, Infrared Illumination, Pumping, Industrial Heating, and Emerging Applications) End users, and Geography - Global Forecast to 2022

By: marketsandmarkets.com
Publishing Date: February 2017
Report Code: SE 3835

 

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The VCSEL market was valued at USD 954.6 Million in 2015 and is expected to reach USD 3,124.1 Million by 2022, at a CAGR of 17.3 % during the forecast period. In this report, 2015 has been considered as the base year, and the period between 2016 and 2022 has been considered as the forecast period for the VCSEL market study.

The objective of the study of this report is to define, describe, and forecast the global VCSEL market on the basis of type, application, end users and geography. The VCSEL market has been segmented on the basis of geographical regions into North America, Europe, Asia-Pacific, and RoW. Additionally, the report provides detailed information regarding major factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges). The opportunities have been analyzed for stakeholders by identifying the high-growth segments of the global VCSEL market. The report also profiles key players and comprehensively analyzes their market ranking and core competencies, along with detailing the competitive landscape.

This research study involves an extensive usage of secondary sources, directories, and databases (Factiva and OneSource) to identify and collect information useful for technical, market-oriented, and commercial aspects of telepresence technology. Top-down and bottom-up approaches have been implemented to arrive at the size of the VCSEL market. The points below explain the research methodology applied:

  • Studying annual and financial reports of top players, presentations, press releases, journals, paid databases, and interviews with industry experts
  • Analyzing opportunities in the market for stakeholders by identifying high-growth segments
  • Analyzing competitive developments such as mergers & acquisitions, new product developments, and research & development
  • Carrying out primary and secondary research to derive all the percentage splits and segment breakdown of the market

The figure below shows the breakdown of primaries on the basis of companies, designations, and regions, conducted during the research study.

VCSEL Market

To know about the assumptions considered for the study, download the pdf brochure

Market Ecosystem:

The VCSEL market comprises key manufacturers such as Finisar Corporation (U.S.),Broadcom limited (U.S.) Lumentum Holdings Inc. (U.S.), Princeton Optronics Inc. (U.S.), among others; manufacturers include Mitel Networks Corporation (Canada), Infineon Technologies AG (Germany), Truelight Corporation (Taiwan), among others; and raw material suppliers  include IQE PLC (U.K.), among many others; end users include Denso Corporation (Japan), among others, while the suppliers include Vertilas GmbH (Germany) PD-LD Inc. (U.S.), and Olaro Inc. (U.S.), among others.

Target Audience:

  • VCSEL manufacturers
  • VCSEL panel technicians and technologists
  • Research organizations and consulting companies
  • Associations, forums, and alliances related to VCSEL investors

“Study answers several questions for the target audiences, primarily which market segments to focus in the next two to five years for prioritizing the efforts and investments.”

Scope of the Report:

This report categorizes the global market for VCSEL on the basis of type, material, application, end user, and geography.

On the Basis of Type:

  • Single-Mode VCSEL
  • Multimode VCSEL

On the Basis of Application:

  • Data communication
  • Sensing
  • Infrared Illumination
  • Pumping
  • Industrial Heating
  • Emerging Applications

On the Basis of End User:

  • Data Center
  • Consumer Electronics
  • Automotive
  • Industrial
  • Healthcare

 On the Basis of Region:

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • U.K.
    • France
    • Rest of Europe (Russia and Italy)
  • APAC
    • China
    • Japan
    • India
    • Rest of APAC (South Korea/Singapore)
  • RoW
    • Middle East and Africa
    • South America

Available Customizations

With the given market data, MarketsandMarkets offers customizations according to the company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to 10)

Table of Contents

1 Introduction (Page No. - 14)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Scope of the Study
           1.3.1 Markets Covered
           1.3.2 Years Considered for the Study
    1.4 Currency and Pricing
    1.5 Package Size
    1.6 Limitations
    1.7 Stakeholders

2 Research Methodology (Page No. - 18)
    2.1 Research Data
           2.1.1 Research Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Primary Interviews With Experts
                    2.1.2.2 Key Industry Insights
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Market Breakdown and Data Triangulation
    2.4 Research Assumptions

3 Executive Summary (Page No. - 27)

4 Premium Insights (Page No. - 34)
    4.1 VCSEL Market, 2016–2022 (USD Million)
    4.2 VCSEL Market, By Application (2016–2022)
    4.3 VCSEL Market, By End User and Region (2015)
    4.4 VCSEL Market, By Type (2016–2022)

5 Market Overview (Page No. - 36)
    5.1 Introduction
    5.2 Market Segmentation
           5.2.1 By Type
           5.2.2 By Application
           5.2.3 By End User
           5.2.4 Materials Used in the Manufacturing of VCSELs
           5.2.5 VCSEL Market, By Geography
    5.3 Market Dynamics
           5.3.1 Drivers
                    5.3.1.1 Higher Accuracy and Power Efficiency of VCSELs Lead to Increase in Their Adoption for Medical Applications and in Proximity Sensing
                    5.3.1.2 Increasing Use of VCSELs in Data Communication
                    5.3.1.3 Greater Usage of VCSELs in Infrared Illumination, Owing to Technological Advancements
                    5.3.1.4 Advancements in Automotive Electronics Boosting the Use of VCSELs
           5.3.2 Restraints
                    5.3.2.1 Limitations in Data Transmission Range Lead to S Use of VCSELs for Selective Applications
           5.3.3 Opportunities
                    5.3.3.1 Growing Need for VCSELs in Consumer Electronics
                    5.3.3.2 Rising Demand for Laser-Based Hard Disc Drives Increasing Opportunities for VCSELs
           5.3.4 Challanges
                    5.3.4.1 to Overthrow the Limitations of Gallium Nitride Which Restrict the Performance of VCSELs

6 Industry Trends (Page No. - 45)
    6.1 Value Chain
    6.2 Porter’s Five Force Analysis
           6.2.1 Threat of New Entrants
           6.2.2 Threat of Substitutes
           6.2.3 Bargaining Power of Suppliers
           6.2.4 Bargaining Power of Buyers
           6.2.5 Intensity of Rivalry

7 Materials Used in the Manufacturing of VCSELs (Page No. - 52)
    7.1 Introduction
    7.2 Gallium Arsenide (GAAS)
    7.3 Indium Phosphide (INP)
    7.4 Gallium Nitride (GAN)
    7.5 Other Material

8 VCSEL Market, By Type (Page No. - 55)
    8.1 Introduction
    8.2 Single-Mode VCSEL
    8.3 Multimode VCSEL

9 Market, By Application (Page No. - 58)
    9.1 Introduction
    9.2 Data Communication
    9.3 Sensing
           9.3.1 Optical Sensor
                    9.3.1.1 Reflective Sensor
                    9.3.1.2 Scattering Sensor
           9.3.2 Interference Sensor
    9.4 Infrared Illumination
           9.4.1 Camera
                    9.4.1.1 3d Camera
                    9.4.1.2 Security and Surveillance Camera
    9.5 Pumping
    9.6 Industrial Heating
    9.7 Emerging Applications
           9.7.1 Display
           9.7.2 High-Power Application
                    9.7.2.1 Lidar
                    9.7.2.2 Night Vision
    9.8 Atomic Clocks
    9.9 GPS
    9.10 Magnetometer

10 Market, By End User (Page No. - 69)
     10.1 Introduction
     10.2 Data Centers
     10.3 Consumer Electronics
     10.4 Automotive
     10.5 Industrial
     10.6 Healthcare
     10.7 Others

11 VCSEL Market, By Geography (Page No. - 77)
     11.1 Introduction
     11.2 North America
             11.2.1 U.S.
             11.2.2 Canada
             11.2.3 Mexico
     11.3 Europe
             11.3.1 Germany
             11.3.2 U.K.
             11.3.3 France
             11.3.4 Netherlands
             11.3.5 Rest of Europe
     11.4 Asia-Pacific
             11.4.1 China
             11.4.2 Japan
             11.4.3 India
             11.4.4 Rest of APAC
     11.5 Rest of the World
             11.5.1 Middle East and Africa
             11.5.2 South America

12 Competitive Landscape (Page No. - 117)
     12.1 Introduction
     12.2 Market Ranking Analysis: VCSEL Market
     12.3 Competitive Situation and Trends
     12.4 Competitive Analysis
     12.5 Recent Developments
             12.5.1 New Product Launches and Developments: VCSEL Market
             12.5.2 Agreements , Partnerships, and Contracts : VCSEL Market
             12.5.3 Mergers and Acquisitions: VCSEL Market
             12.5.4 Other Strategies: VCSEL Market

13 Company Profiles (Page No. - 128)
(Company at A Glance, Recent Financials, Products & Services, Strategies & Insights, & Recent Developments)*
     13.1 Introduction
     13.2 Finisar Corporation
     13.3 Lumentum Holdings Inc.
     13.4 Broadcom Limited
     13.5 Royal Philips
     13.6 II-VI Incorporated
     13.7 IQE PLC
     13.8 Vertilas GmbH
     13.9 Princeton Optronics Inc.
     13.10 Vixar Inc.
     13.11 Santec Corporation

*Details on Company at A Glance, Recent Financials, Products & Services, Strategies & Insights, & Recent Developments Might Not Be Captured in Case of Unlisted Companies.

14 Appendix (Page No. - 152)
     14.1 Insights of Industry Experts
     14.2 Discussion Guide:
     14.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     14.4 Introducing RT: Real-Time Market Intelligence
     14.5 Available Customization
     14.6 Related Reports
     14.7 Author Details


List of Tables (73 Tables)

Table 1 VCSEL Market and Optical Transceiver Market, 2013–2022 (USD Million and Million Units)
Table 2 Die Size for VCSEL for Various Application
Table 3 VCSEL Market, By Type, 2013–2022 (USD Million)
Table 4 VCSEL Market, By Application, 2013–2022 (USD Million)
Table 5 VCSEL Market for Data Communication Application, By Region, 2013–2022 (USD Million)
Table 6 VCSEL Market for Sensing Application, By Region, 2013–2022 (USD Million)
Table 7 VCSEL Market for Infrared Illumination Application, By Region, 2013–2022 (USD Million)
Table 8 VCSEL Market for Pumping Application, By Region, 2013–2022 (USD Million)
Table 9 VCSEL Market for Industrial Heating Application, By Region, 2013–2022 (USD Million)
Table 10 VCSEL Market for Emerging Applications, By Region, 2013–2022 (USD Million)
Table 11 VCSEL Market, By End User, 2013–2022 (USD Million)
Table 12 VCSEL Market for Data Center, By Region, 2013–2022 (USD Million)
Table 13 VCSEL Market for Consumer Electronics , By Region, 2013–2022 (USD Million)
Table 14 VCSEL Market for Automotive , By Region, 2013–2022 (USD Million)
Table 15 VCSEL Market for Industrial, By Region, 2013–2022 (USD Million)
Table 16 VCSEL Market for Healthcare, By Region, 2013–2022 (USD Million)
Table 17 VCSEL Market for Other End Users, By Region, 2013–2022 (USD Million)
Table 18 VCSEL Market, By Region, 2013–2022 (USD Million)
Table 19 VCSEL Market in North America, By Application, 2013–2022 (USD Million)
Table 20 VCSEL Market in North America, By End User, 2013–2022 (USD Million)
Table 21 VCSEL Market in North America, By Country, 2013–2022 (USD Million)
Table 22 Data Communication VCSEL Market in North America, By Country, 2013–2022 (USD Million)
Table 23 Sensing VCSEL Market in North America, By Country, 2013–2022 (USD Million)
Table 24 Infrared Illumination VCSEL Market in North America, By Country, 2013–2022 (USD Million)
Table 25 Pumping VCSEL Market in North America, By Country, 2013–2022 (USD Million)
Table 26 Industrial Heating VCSEL Market in North America, By Country, 2013–2022 (USD Million)
Table 27 Emerging Application VCSEL Market in North America, By Country, 2013–2022 (USD Million)
Table 28 VCSEL Market in U.S., By Application, 2013–2022 (USD Million)
Table 29 VCSEL Market in Canada, By Application, 2013–2022 (USD Million)
Table 30 VCSEL Market in Mexico, By Application, 2013–2022 (USD Million)
Table 31 VCSEL Market in Europe, By Application, 2013–2022 (USD Million)
Table 32 VCSEL Market in Europe, By End User, 2013–2022 (USD Million)
Table 33 VCSEL Market in Europe, By Country, 2013–2022 (USD Million)
Table 34 Data Communication VCSEL Market in Europe, By Country, 2013–2022 (USD Million)
Table 35 Sensing VCSEL Market in Europe, By Country, 2013–2022 (USD Million)
Table 36 Infrared Illumination VCSEL Market in Europe, By Country, 2013–2022 (USD Million)
Table 37 Pumping VCSEL Market in Europe, By Country, 2013–2022 (USD Million)
Table 38 Industrial Heating VCSEL Market in Europe, By Country, 2013–2022 (USD Million)
Table 39 Emerging Application VCSEL Market in Europe, By Country, 2013–2022 (USD Million)
Table 40 VCSEL Market for Germany, By Application, 2013–2022 (USD Million)
Table 41 VCSEL Market for U.K., By Application, 2013–2022 (USD Million)
Table 42 VCSEL Market for France, By Application, 2013–2022 (USD Million)
Table 43 VCSEL Market for Netherlands, By Application, 2013–2022 (USD Million)
Table 44 VCSEL Market for the Rest of Europe, By Application, 2013–2022 (USD Million)
Table 45 VCSEL Market for APAC, By Application, 2013–2022 (USD Million)
Table 46 VCSEL Market for APAC, By End User, 2013–2022 (USD Million)
Table 47 VCSEL Market for APAC, By Country, 2013–2022 (USD Million)
Table 48 Data Communication VCSEL Market in APAC, By Country, 2013–2022 (USD Million)
Table 49 Sensing Application VCSEL Market in APAC, By Country, 2013–2022 (USD Million)
Table 50 Infrared Illumination VCSEL Market in APAC, By Country, 2013–2022 (USD Million)
Table 51 Pumping VCSEL Market in APAC, By Country, 2013–2022 (USD Million)
Table 52 Industrial Heating VCSEL Market in APAC, By Country, 2013–2022 (USD Million)
Table 53 Emerging Application VCSEL Market in APAC, By Country, 2013–2022 (USD Million)
Table 54 VCSEL Market for China, By Application, 2013–2022 (USD Million)
Table 55 VCSEL Market for Japan, By Application, 2013–2022 (USD Million)
Table 56 VCSEL Market for India, By Application, 2013–2022 (USD Million)
Table 57 VCSEL Market for the Rest of APAC, By Application, 2013–2022 (USD Million)
Table 58 VCSEL Market in the Rest of the World, By Application, 2013–2022 (USD Million)
Table 59 VCSEL Market in the Rest of the World, By End User, 2013–2022 (USD Million)
Table 60 VCSEL Market in the Rest of the World, By Region, 2013–2022 (USD Million)
Table 61 Data Communication VCSEL Market in the Rest of the World, By Region, 2013–2022 (USD Million)
Table 62 Sensing VCSEL Market in the Rest of the World, By Region, 2013–2022 (USD Million)
Table 63 Infrared Illumination VCSEL Market in the Rest of the World, By Region, 2013–2022 (USD Million)
Table 64 Pumping VCSEL Market in the Rest of the World, By Region, 2013–2022 (USD Million)
Table 65 Industrial Heating VCSEL Market in the Rest of the World, By Region, 2013–2022 (USD Million)
Table 66 Emerging Application VCSEL Market in the Rest of the World, By Region, 2013–2022 (USD Million)
Table 67 VCSEL Market for Middle East and Africa, By Application, 2013–2022 (USD Million)
Table 68 VCSEL Market for South America, By Application, 2013–2022 (USD Million)
Table 69 Market Ranking of the Top 5 Players in the VCSEL Market
Table 70 New Product Launches and Developments, 2013–2016
Table 71 Partnerships, Collaborations, and Expansions, 2013–2016
Table 72 Mergers and Acquisitions, 2013–2016
Table 73 Other Strategies, 2013–2016


List of Figures (54 Figures)

Figure 1 Markets Covered
Figure 2 VCSEL Market: Research Design
Figure 3 Market Size Estimation Methodology: Bottom-Up Approach
Figure 4 Market Size Estimation Methodology: Top-Down Approach
Figure 5 Data Triangulation
Figure 6 Assumptions of the Research Study
Figure 7 Multimode VCSEL Holds Largest Market in 2016
Figure 8 Data Communication Application Expected to Hold the Largest Market Size By 2022
Figure 9 VCSEL Market in APAC to Grow at the Highest Rate During the Forecast Period
Figure 10 VCSEL Market By End User, 2016 vs 2022
Figure 11 Emerging Applications of VCSEL to Witness the Highest Growth Rate Between 2016 and 2022
Figure 12 North America Held the Largest Share of the VCSEL Market in 2015
Figure 13 Benefits Such as High Data Transmission Speed and Increasing Use in Data Center Applications Driving Market Growth
Figure 14 Data Communication Application Expected to Hold the Largest Market Size for VCSEL During the Forecast Period
Figure 15 China Held the Highest Market Share in Asia-Pacific Region for the VCSEL Market in 2015
Figure 16 Multimode VCSEL Expected to Register the Highest CAGR Between 2016 and 2022
Figure 17 Power-Efficienct and High Precision-Based VCSELs Drive the Market Growth
Figure 18 VCSEL Market: Value Chain Analysis
Figure 19 VCSEL Market: Porter’s Five Force Analysis
Figure 20 Porter’s Five Forces: Impact Analysis
Figure 21 Threat of Substitutes
Figure 22 Bargaining Power of Suppliers
Figure 23 Bargaining Power of Buyers
Figure 24 Intensity of Rivalry
Figure 25 VCSEL Market, By Region
Figure 26 India and China are Expected to Register the Highest Growth Rate During the Forecast Period
Figure 27 APAC to Grow at the Highest Rate in the VCSEL Market During the Forecast Period
Figure 28 North America: Geographic Snapshot, 2015
Figure 29 U.S. to Hold Largest Share of the Market for Data Communication in North America During 2016–2022
Figure 30 Emerging Applications Segment to Grow at Highest Rate in the Canadian Market, By Application, During the Forecast Period
Figure 31 Rest of Europe is Expected to Witness High Growth in European Market During the Forecast Period
Figure 32 Germany to Hold Large Market Share in Between 2016 and 2022
Figure 33 Data Communication to Hold Largest Market Share in France Between 2016 and 2022
Figure 34 Asia-Pacific: Geographic Snapshot, 2015
Figure 35 Emerging Applications Segment to Grow at the Highest CAGR in APAC During the Forecast Period
Figure 36 Indian Market for Sensing Applications to Grow at Highest CAGR During the Forecast Period
Figure 37 China to Hold Largest Share in the APAC VCSEL Market for Emerging Applications During the Forecast Period
Figure 38 Middle East and Africa to Hold Largest Market Share During the Forecast Period
Figure 39 RoW Market for Emerging VCSEL Applications: Middle East and Africa to Show Highest Growth During 2016–2022
Figure 40 Companies Adopted New Product Launches and Developments as the Key Growth Strategies Between 2013 and 2016
Figure 41 Battle for Market Share: New Product Launches and Developments Were the Key Strategies Adopted By Market Players
Figure 42 Geographic Revenue Mix of Top 5 Companies
Figure 43 Finisar Corporation: Company Snapshot
Figure 44 Finisar Corporation: SWOT Analysis
Figure 45 Lumentum Holdings Inc.: Company Snapshot
Figure 46 Lumentum Holdings Incorporation: SWOT Analysis
Figure 47 Avago Technologies: Company Snapshot
Figure 48 Avago Technologies: SWOT Analysis
Figure 49 Royal Philips: Company Snapshot
Figure 50 Royal Philips: SWOT Analysis
Figure 51 II-VI Incorporated: Company Snapshot
Figure 52 II-VI Incorporated: SWOT Analysis
Figure 53 IQE PLC: Company Snapshot
Figure 54 Santec Corporation: Company Snapshot

The VCSEL market is expected to grow at a CAGR of 17.3% during the forecast period and is expected to be valued at USD 3,124.1 Million by 2022.  VCSELs are used in a wide range of applications, owing to their advantages such as compact size, high reliability, low power requirements, and low manufacturing costs.  Also, the growing applications of automobiles that use electrical systems in the automotive industry is driving the growth of the overall VCSEL market.

This market is segmented on the basis of type, application, end user, and geography. The applications include data communication, sensing, infrared illumination, pumping, industrial heating, and emerging applications. Amongst all these applications, data communication held the largest market share in 2015.

VCSEL has several end users across different industries such as data center, consumer electronics, industrial, automotive, and healthcare. The low manufacturing costs and greater dependability have increased the use of VCSELs in consumer electronics. The data center segment held the largest market share in 2015 due to increase in demand for high data transfer rates which has resulted greater use of VCSELs.

The market on the basis of type includes single-mode and multimode VCSELs. The market for multimode is estimated to hold largest share during the forecasted period. They are used in 3D imaging and data communication applications. The ability of multimode to offer better modulation and high speed makes it more preferable than single-mode VCSELs. Single-mode VCSELs are generally used in sensing application such as printing, bar code, and others.

VCSEL Market

The APAC region is expected to grow at a faster region in during the forecast period. The increase in start-ups in this region would also help in market growth. The increased per capita income and improved standard of living of the people in APAC is driving the demand for premium automobiles, which ultimately helps for growth of VCSELs. The markets in countries such as China, India, and Singapore are emerging, owing to advancements in basic infrastructure and encouragements from respective governments. These are the major reasons for APAC being the largest market for VCSELs.

The limitation in data transmission range is a major restraint for the growth of the VCSEL market. The attenuation is higher in multimode fiber, which degrades the signal as the distance increases. This factor makes it difficult to transmit data over a certain distance due to the weakening of the signal. These factors are restraining the growth of VCSEL in the market. However, the research and development in lasers are trying to increase the ranges that can be served through VCSELs that would ultimately help to increase its implementation in the market.

Broadcom Limited is one of the major players in the VCSEL market. It is known as major global supplier of analog, mixed signal, and optoelectronic components with an emphasis in III-V compound semiconductor design, and processing. In February 2016, Avago Technologies acquired Broadcom Corp. which led to the formation of Broadcom Limited (U.S.). By integrating the products and technology of Broadcom, Avago changed its name to Broadcom Limited and would strive to be a leader in communications semiconductors. Broadcom offers a wide range of products in the optical data communication market, such as fiber optic transceivers, embedded optical modules, and adaptive optical cables. The company majorly focuses on intellectual property and new product developments. With the recent update on VCSEL shipments, the company shipped more than 1 million channels of 25G VCSEL devices and extended its leadership in the enterprise optical networking market. The company primarily operates in China, the U.S., Germany, South Korea, and Singapore, and others.

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